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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (30306)	8/19/2000 7:40:48 PM
From: ztect	Read Replies (1) \| Respond to of 769667

Good article makes me have to rethink some things, including some things that I just wrote, though I'd still favors tax cuts that didn't disproportionately in terms of real dollars increase income disparities. I'm also still in favor of paying down the accumulated debt, since when the government is a big borrower, it increases demand for debt which keeps long term rates high. Reducing the government debt will lesson demand for other non government borrowers. Though before I expound on this too much I have to discuss these economics with my dad who has his Masters in Economics from the Univ. of Chgo (pre-Friedman) because I forget some of how all the different rates (long term, short term, prime) are interrelated and impacted by the amount of government borrowing. Consumer debt can also be less of an burden if rates are reduced, and long term rates aren't under the thumb of Greenspan. Anyway, since CBO projections seem to be in line with OMB projections, the next question is how are these projections made and upon what assumptions are both the CBO and OMB's projections based? Seems like a rapid and huge increase in dollars. Are both being overly optimistic? Some times there still is a lot to learn before having opinions be too rigidly cast in place. z